Investors focused on the Business Services space have likely heard of General Finance (GFN), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of GFN and the rest of the Business Services group's stocks.
General Finance is one of 189 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GFN is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GFN's full-year earnings has moved 100% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GFN has moved about 111.32% on a year-to-date basis. In comparison, Business Services companies have returned an average of 11.22%. This means that General Finance is performing better than its sector in terms of year-to-date returns.
Looking more specifically, GFN belongs to the Business - Services industry, which includes 31 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 3.07% so far this year, meaning that GFN is performing better in terms of year-to-date returns.
Investors in the Business Services sector will want to keep a close eye on GFN as it attempts to continue its solid performance.